Automotive Machine Shop & Engine Specialists

Business
  • Listing# : 13125
  • Listed Price : $495,000
  • Total Sales : $1,085,095
  • SIC : 7538
  • Down Payment : $495,000
  • Status : Expired
  • Discretionary Earnings : $120,427

Business Type :

Automotive / Auto Engine Rebuilding

Business Description :

Automotive Machine Shop & Engine Specialists. In operation over 20 years this business has secured a dominate position in an highly sought after automotive specialty. The business operates in 6,500 square feet with a full complement of equipment under the roof to handle any type of engine work. The owner has assembled specifically designed bays to accommodate every imaginable automotive engine repair. They are known for the fact that they offer free shipping and one of the industry’s top warranties. And in addition, the business has a nationwide presence renowned as experts in every aspect of engine remanufacturing. No surprise, the business has just about every imaginable part or component necessary to be able to work on any engine new or old. In fact the business prides itself in their ability to offer service for vintage engines and special foreign brands. The business has a strong and very experienced manager in place who works hand in hand with the seller. The manager will remain after a purchase. The property is owned by the seller and is offered for sale at $400,000. Or the seller will offer a lease for the property at $3,000 per month and at the same time offer an option to purchase the property at any time during the lease term. The asking price for the business of $495,000 includes all of the equipment valued at $125,000 along with in excess of $200,000 in inventory. The seller will offer a smooth transition into the business, and for the right buyer will consider some level of owner financing.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $400,000
    • Incl : Available
    • Inventory $200,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $125,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $325,000
    • Incl : Yes

Lender Prequalified: No

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Automotive